(a)  Bond issue.- In accordance with its charter or a public general law or public local law, a county or municipal corporation may issue bonds or other evidence of indebtedness to carry out this subtitle. 

(b)  Tax levy to pay bonds.- To pay the principal and interest on bonds or other evidence of indebtedness or an advance from its general fund, a county or municipal corporation may levy property taxes on the assessed value of all real property and classes of assessable personal property within the conversion district. 

[An. Code 1957, art. 78, § 64A(n); 1998, ch. 8, § 2.]